Three vessels were hit by projectiles near the Strait of Hormuz, the UK’s maritime agency said. Countries have agreed to release a record 400 million barrels of oil in an effort to stem gas prices.

Iran Iays mines in Hormuz, US destroys 16 vessels. Oil swings from $120 to $83. India faces LPG crisis, petrol hike likely before Holi. Day 12 breaking news updates ...